Wipro Analysis April 20222 Gaps were pending which is @598 & @593.
Buy Activate when 589 breached & Sustain.
Initial Target 593 & main target 598.
Wiprostrategy
WIPRO : RESULTS DAY PATTERN IS OBSERVED. WILL IT RISE?A support trendline has been forming on the price chart of Wipro since the 1st quarter results in April 2021.
A similar spike in volume and price was observed around the result date in the 2nd quarter results also.
So, expecting this as a pattern the institution buyers are following, we can risk a mere 2% as a stoploss and take the long trade.
Long when the price bounces off the trendline and trail your profits.
Stoploss below the green zone mentioned on the chart.
